Keyence (OTCMKTS:KYCCF) Stock Price Up 8.3% – Here’s Why

Shares of Keyence Corporation (OTCMKTS:KYCCF) shot up 8.3% on Tuesday . The stock traded as high as $534.50 and last traded at $534.50. 1,207 shares were traded during trading, a decline of 72% from the average daily volume of 4,338 shares. The stock had previously closed at $493.75.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KYCCF shares. Erste Group Bank upgraded shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group raised shares of Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Finally, Zacks Research raised shares of Keyence to a “hold” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Keyence Stock Performance

The stock has a 50 day moving average of $494.48 and a 200 day moving average of $446.79.

About Keyence

Keyence Corporation, established in 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, is a leading developer and manufacturer of automation and inspection equipment. The company focuses on delivering advanced technologies that improve manufacturing efficiency and quality control for a broad range of industries, including automotive, electronics, pharmaceuticals, food and beverage, and packaging.

Keyence’s product portfolio encompasses a variety of sensors, vision systems, laser markers, digital microscopes and measuring instruments.